FRANKFURT , November 16 /PRNewswire-FirstCall/ -- Sunday evening Fraport
AG reached an agreement with the ver.di and komba unions on the key points of
a new collective agreement for the company's ground services staff at
Frankfurt Airport (FRA). Fraport executive board chairman Dr. Stefan Schulte
and executive board member for labor relations Herbert Mai expressed their
satisfaction with the results of the negotiations. "After very intensive
discussions we finally were able to reach an acceptable agreement," declared
Schulte. Most importantly, a ground services strike has been averted at FRA
and the common goal of maintaining Fraport's integrated business model (with
ground services as a vital element) has been achieved. "Thus, we have created
the foundation for medium and long-term competitiveness of our ground
services business segment. Furthermore, Fraport will continue to offer its
customers top services on the ramp at a recognized high quality level,"
stressed Schulte.

Fraport's executive labor director pointed out the essential key points
of the new collective agreement. Under the agreement, lower pay rates will be
introduced for newly hired employees - especially for those in operational
areas of Fraport Ground Services. Furthermore, it was agreed not to spin off
any business areas from the company. The new agreement also guarantees the
current rights for existing employees, more efficient regulations for
alternating shifts, the promise to continue the partial retirement scheme for
operational ground services staff, and comprehensive arrangements for taking
over apprentices upon completion of their training. "The contract furthermore
stipulates that newly hired staff required for ground services will also
become employees of Fraport AG. The agreement will run until the end of
2018," explained Mai.

The key-points agreement must be seen in conjunction with the Pact for
the Future 2018, which Fraport's works council also approved today. This Pact
for the Future specifies that there will not be any operations-related job
dismissals through 2018. In return, any bonuses outside the general pay scale
will be continuously reduced.

"Following months of intensive negotiations, the entire package was
conclusively negotiated. It now offers the opportunity for creating
competitive cost structures in Ground Services and, thus, secures jobs in the
long term," Schulte and Mai concluded.